Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Garanti BBVA grants a €7.5 million loan to...

Garanti BBVA grants a €7.5 million loan to Romania’s leading paper tissue producer to support sustainable growth

February 27, 2025

Garanti BBVA has granted a EUR 7.5 million loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75% of the loan value.
Garanti BBVA and MG TEC Industry share a commitment to sustainability, with MG Tec integrating a robust recycling component into its production cycle. In recent years, Garanti BBVA has actively supported environmentally responsible projects.
“At Garanti BBVA we remain engaged in supporting the development of the local economy. We encourage and fund local producers to upgrade their production facilities, in order to win a competitive edge in their sustainable development and expansion in the international markets. We continue in this sense to provide adequate instruments in partnership with Exim Banca Românească”, stated Bilge Demirer, Deputy General Manager, Enterprise Banking Area, Garanti BBVA.
”The guarantee structure is an essential component when accessing any type of financing, and the guarantees it provides, on behalf and in the name of the Romanian state, represent a secure and efficient resource that companies can easily access through commercial banks. In this context, the decision of Garanti BBVA to leverage the facilities provided by Exim Banca Românească is all the more important, as it supports the sustainable development of a significant local business. We also encourage other commercial banks to follow this model, for the clear benefit of Romanian companies”, stated Traian Halalai, Executive President, Exim Banca Românească.
PCF Investment Banking acted as exclusive advisor to MG Tec Industry in structuring, negotiation şi implementation of the financing transaction.
“We are glad to be part of a transaction which makes available a working capital line designed to sustain the increasing volumes produced by Mg Tec Industry, and we fully appreciate the excellent teamwork between Garanti BBVA and Exim Banca Romaneasca in supporting the development of local manufacturing industry”, said Mihai Iordan, Managing Partner, PCF Investment Banking.
Since 2019, MG Tec Industry has invested over EUR 120 million in the development of a state-of-the-art production facility in Romania, covering a 65,000 sqm area. Developed in three phases, the facility is set to manufacture a wide range of products for both local and international markets, including jumbo rolls of paper, industrial rolls, medical rolls, dispenser napkins, and personal hygiene products. The company integrates cutting-edge technology into its production processes, with a particular focus on robust recycling practices, reinforcing its commitment to sustainability.
Garanti BBVA Romania is committed to leveraging its resources and expertise to support its customers on their path to sustainability, by providing tailored financial solutions and personalized products. The bank's growth strategy is firmly rooted in integrating ESG principles into its business decisions, ensuring long-term value creation and responsible development.

The information provided by KomuniK

Read in full - click here
Two new investment funds active in Romania receive financing through EU-backed PNRR

Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]

Romania’s tax collector ANAF sees revenues up 12% in first half of 2025

The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]

Survey: Romanians place highest trust in Army and Church, while Parliament ranks last

Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]

Romania braces for fiery weekend as meteorologists issue Orange Code

Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]

Romania steps into the big league of fintech - Best Credit IFN becomes the first Romanian NBFI to partner with Bondster

Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]

Eastern Romania: Investigations continue in case involving Romanian IDs for Russians, Ukrainians

Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]